Encumbrance Novea WY USA over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 31 Aug 2023 Ref. U230061670822
Lender / Secured party/ies:
Novea (WY, USA)Debtor / Grantor/s:
NEWPOINT FINANCIAL CORP. (DE, USA)Secured amount (USD$):
refer to the collateral for this information.Collateral:
The collateral includes any and all property of the Debtor, whether tangible or intangible, now owned or hereafter acquired by the Debtor, including but not limited to: (a) goods, inventory, equipment, and fixtures; (b) accounts receivable, contract rights, and payment intangibles; (c) chattel paper, documents, instruments, and investment property; (d) general intangibles, including intellectual property rights, licenses, and software; (e) securities, stocks, bonds, and other investment interests; (f) cash; (g) deposit accounts and bank accounts; (g) real property, including land, buildings, and improvements; (h) proceeds, products, and accessions of any of the foregoing, as those terms are defined in Article 9 of the Uniform Commercial Code, as in effect from time to time in the State of Wyoming (the “UCC”); in each case, whether now owned or hereafter acquired, and wherever located, together with all substitutions, replacements, additions, and accessions thereto and thereof, and all proceeds thereof. The Collateral secures the payment and performance of all obligations, liabilities, and indebtedness of the Debtor to the Secured Party, whether now existing or hereafter arising, whether direct or indirect, absolute or contingent, due or to become due, and whether incurred by the Debtor as principal, surety, endorser, guarantor, or otherwise, under the terms of the Revolving Credit Facility Agreement dated December 10, 2021, the terms of which prohibit Debtor from transferring or diverting the collateral, or granting any security interest in the collateral to any person or entity without the express consent of the Secured Party. A purchase of or security interest in any collateral described in this financing statement will violate the rights of Secured Party.
Analysis (Mark Smith's comments):
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